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moment in italy. berlusconi has announced he's creating a new center right grouping. meanwhile, mario monti has been accused oversimplifying solutions during the fiscal crisis. carolin is joining us now from rome. do we expect more of this rhetoric today? >> oh, definitely. not just today, but specifically over two months. elections will only be held probably on february 24th. we've got about two months of the silly campaigning season to follow. so yes, as you said, the verbal exchange is definitely heating up. it started with mr. monti's response criticism coming from officials about his renewed request for the prime minister post yesterday. he said this criticism was out of place. it was offensive not just for him, but also for all of the people in italy who have the freedom to vote. this morning, he did an interview with one of the channels here in italy and he said, i don't really care about this spread because the spread is based on fraud. that's the direct translation. meanwhile, if you take a look at the spread, they are moving higher again. 4.9%. italian equity markets are mov
of italy elected three times even though as they say in rome, he was corrupt. >> the italian prime minister is no stranger to scandal. charges of bribery, corruption and embezzlement. >> officially guilty of tax fraud. >> sentenced to newshour years in prison for tax fraud. >> a serial flanderer. >> tales of lavish orgies. >> notorious all night so-called bunga-bunga parties. paying for sex with an underage prostitute. >> he was saying he could haven't sex with 11 women so instead he had sex with eight women. (laughter). >> jon: a man who had sex with eight women. that's the worst bond villain ever! (laughter) and if you pull one of them off, you just grow back. last november with the italian economy tanking, voters replaced berlusconi with his polar opposite, mario monti, an academic economist who promised to balance italy's books with strict austerity measures. that's not an easy choice. the country basically deciding it would be better to live with its hard-ass stepfather even though its real father was outside revving up his alfa romeo promising to take everyone to a strip club for pros
passage of the 2013 budget. the move raises political concerns over italy in the midst of the eurozone crisis. monti has been credited with keeping italy's debt crisis under control. the japanese economy has some gross domestic problems. japan's gdp has contracted two quarters in a row, signaling it has entered recession. a recent territorial dispute with the chinese government and struggles following last year's tsunami continue to hurt japan's export market. an election next week in japan could have a large effect on fiscal policy. reports say delta is close to landing a deal that will give the airline a 49% stake in virgin atlantic. bloomberg reports talks between delta and singapore airlines, which is looking to sell its stake in virgin, are advancing. the deal is estimated to cost between $300 and $500 million. it could mean a step up for delta's business, due to virgin atlantic's high volume of premium passengers. apple and google reportedly are forming a rather odd alliance. the two rivals are making a joint bid for a bundle of kodak patents. according to bloomberg news, the com
. as for the action in europe, really, the action focuses on italy where there's an impending political regime change. more on that in just a moment. the road map starts at the golden arches. mcdonald's blowing out expectations for november sales after the dismal drop in the month of october. hoping to fuel the rise, the bacon/onion/cheddar sandwich. >> there's one thing for certain, taxes on top earners are going up. >> turmoil in italy. berlusconi throws his hat in the ring. retail sales numbers out of china, hoping the economy is in fact on an upswing. >> apple, enthusiasm. jeffreys trimming its price target to 800 from 900, as apple shares do trade lower in the pre-market. we'll start with mcdonald's, posting better than expected november same-store sales, global comps up 2.4. u.s. same-store sales up 2.5, offered by breakfast offerings, including that cheddar/bacon/onion sandwich, as melissa mentioned. jim? people are saying the u.s. maybe is making a turn here. >> i find mcdonald's is levered to new products, levered to menu technology. they do invent things. my hat's off to janet. they had thi
seeing signs of stress again with the concerns about leadership in italy, and problems in greece, and should we pay attention to that than the fiscal cliff discussions? >> well, you know, right now, doesn't seem like the market is paying attention to that right now. it reminds me a lot of september, before the election, when the s&p's rallied. everything was con taped. we were worried about central bank, liquidity, numbers okayed here, heating up in china. people thought europe was contained, and it feels that way now. people looking past the headlines whether it's the fiscal cliff or europe. i mean, there's a lot of doom day sayers out there, and it makes sense, but it seems like everything right now is contained, and the trade is up to the upside. david: right. liz mentioned the fed decision coming up, should be hearing about it tomorrow. what's the market expecting from the fed? in what way will they be excited or disappointed? >> well, i think the market, if you look at the options market, the flows into the ten year treasuries, it's implying 85 billion per month. the reason
, distinguished service cross, bronze star, purple hea heart, left an arm in italy. a. as he said to me that last meeting we had together, "anything other than the arm?" i got shot in the arm and in the leg a couple times sm. we will all miss him, and that's a gross understatement. i wish i were capable of saying more, but i -- that's all i can say is that i've talked to his wife irene. she's there with his son, and i've known for a few hours that this wasn't working out well with senator inouye. but he is certainly one of the giants of the senate. remember what he said. he told his son when asked why he fought the way he did after having been declared an enemy alien, he said, he did it for the children. that's senator inouye. his commitment to our nation will never be surpassed. his service in the senate will be with the greats of this body. now, i could ask my friend if he wishes to speak on this issue. it would be my hope that the two votes that are scheduled, that we could do both of these judges by voice vote. i don't think it's appropriate to have a recorded vote at this time. so i'd ask un
that went down aground -- went aground in italy and abandoned ship ahead of some of his passengers, "i tripped and ended up in one of the lifeboats." he said. again "that's why i was in there." or finally, was it karl rove? a fox news paid analyst but the guy behind a romney super pac frantic after fox's numbers crunchers called ohio for obama. even though all the networks had. >> do you believe that ohio has been settled? >> no, i don't. the director of the ohio campaign for romney on the other end of the line refreshing the page every few seconds. i think this is premature. we got to be careful about calling things. chris: a great night for megan kelly but not a great night for karl rove. >> ryan and rove were part after larger republican story which is to deny reality. and my favorite chutzpah moment was a deny reality moment was when the romney campaign suggested that a fiat was going to close a plant in toledo making jeeps when everyone in fiat and toledo knew it wasn't and did that five to 10 days before the election closed. everyone knew it wasn't true and they kept running ads
's highest military medal for action in italy. as a member of the senate, senator inouye continued his fierce defense of his state in his partnership with alaska. my preye predecessor, ted steve, knew senator inouye as his brother. they worked together and produced much good for both our states. that will last for generations. when i was elected to this office, senator inouye was one of the first members to reach out to me to ask how he could help. the unique thing about senator inouye was always his quiet approach to all the issues. he provided me quiet advice and helped me learn how this place works. many times i'd be down here at the podium and in the well here waiting for the vote to be tallied or members to vote, and snon senator inouye was come in, stand at the edge there and look up and just say, how's it going, alaska? and we would have a brief conversation and usually his words were land incredible insight -- it may not even be relevant to the topic that we were voting on, but he'd say something to me about something he knew i was working on. and he would just share a few words. i kn
the road, which is rich coming from a european. >>> european trading the lower this morning. italy's prime minister mario monti, yes, the same one that is famous from all the anti-trust things back in the -- was that the '90s? >> the '90s, yeah. >> monti announcing he'll step down before his term ends. the decision comes after the party of sylvia berlusconi withdrew support for monti's government last week. berlusconi has indicated he will run for leadership again. cnbc's carolin roth will join us from italy with the latest in a few minutes. when i was over there, i had to have the -- all the political signs translated because there's a picture of monti sitting under a beach chair drinking a drink and all the text was send monti to the beach. they already didn't like him. >> he had very high disapproval ratings. i remember last summer i had seen that somewhere. >> they want to send him to the beach. the major european averages at this hour, there they, they're all down. not great in france, but germany down about .7% and the ftse down fractionally. other news out of europe, debt tieback fo
for broke regiment. he saw combat in italy and southern france and was badly wounded during an engagement for which he was awarded the distinguished service cross. which was later upgraded to the medal of honor. our highest award for military valor. with financial assistance from the g.i. bill, inouye graduated from university of hawaii and the george washington university law school. when hawaii became a state on august 21, 1959, annual in a way at one election to the united states house of representatives as a new states congressman. later elected to the united states senate in 1962, he is currently serving his eighth term in the united states and. >> in our earlier and abuse in this series, other people we have spoken to have talked about the first time they were sworn in as a member of congress. in 1959, he became the first member from hawaii. what was that like when you were first on the floor of the house of representatives? >> well, i spent some time in washington before this, as you know. i went to law school, but i've never been on the floor of the chamber. and so it was an aweso
with the famous 442nd regimental combat team in world war ii and was grievously wounded in battle in italy. now, mr. president, the citation, the words for his medal of honor are as follows -- every medal of honor recipient, they write a paragraph or two about why he was given this award -- "on april 21, 1945, inouye was grievously wounded while leading an assault on a heavily defended ridge near san turazo in tuscany, italy. the ridge served as a strong point along the strip of german fortifications known as a gothic line which represent the last and most dogged line of german defense in all of italy. as he led his platoon in a flanking maneuver, three german machine guns opened fire from covered positions just 40 yards away, pinning his men to the ground. inouye stood up to the attack and was shot in the stomach. ignoring his wound, he proceeded to attack and destroy the first machine gun nest with hand grenades and fire from his thompson sub machine gun. after being informed of the severity of his wound by his platoon sergeant, he refused treatment and rallied his men for an attack on the se
? not italy, i can tell you that. one global investor shares his pick next. tracy: the food and the love is still better there. a look at the winners and losers on the nasdaq. as we head out to break, research in motion up top. liberty media holders and sears all down today. we will be right back. tracy: so here's a shocker, not only as a federal government spending way more money than it has, but state government spending is also out of control. so much so that had to hold a conference to figure that out. senior washington correspondent peter barnes has the latest. let's get all these people together, spend more money to figure out where overspending. >> it was an interesting conference. many state governments have also made big spending commitments they may not be able to keep and display experts at the u.s. chamber of commerce said it could be getting worse. this report from that task for force, the state budget crisis task force estimated state and local tension funds are underfunded by 8 trillion to 3 trillion. another trillion for unfunded health benefits and other health care refo
's happening with italian politics. of course, mario monti saying he was going to resign as italy's prime minister. that paves the way for flesh elections to be called in the beginning of next year. yesterday, we saw the negative reaction. sylvia berlusconi wants to make his return on the political scene. today, we saw a bounce back. if you can see see bind me, the bank stocks in italy rerebound, but it's only in the range of .5% to 1% of these names which were down in some cases nearly 10% yesterday. if you take a quick look at european bourses, if that's possible, down near the ftse mib, this is the one selling off somewhere in the range of 3.5% yesterday. today it's adding about .8%. in spain, showing a nice rebound. same attitude listing peripheral debt. we can take a look there. italy and spain seeing prices rise, yields falling to 4.75% and 5.75% respectively. is investor attention returning to spain? here is the thing. italy is the third biggest government debt market in the world. it's the third biggest economy in the eurozone. whatever happens with its political situation could p
things that are important until they're not. we were terrified that spain and italy couldn't pay their bills. we knew these companies could not bring down taxes. it turns out that we were afraid that these bonds were bringing the whole world down and we should have been buying them. the europeans offered sensible plans and responsible governments stepped up to increase taxes and cut benefits. if you had been able to borrow a ton of money to buy them it would have doubled. it may have been the single best investment of the 21st century to date. we are gripped by a similar hysteria about our own country. the fiscal cliff is like what they had in europe. we need to look for companies being obliterated by the cliff. banco santander was perceived to be the biggest loser. but it turned out to be an amazing trade. the stock traveled to $7.72. i don't think it's done. charitable trust is buying a major midwestern lender. stock has been sliding every day. key is now under $8 and i can tell from the trading in the name it is not going to happen just yet. there are sellers everywhere. the o
. q are handmade and italy and rain jet from 120 to $285. the shoe company in just launched in july and specializes in plus size women's shoes. on monday 50 samples shoes were stolen out of the trunk of the company representatives car near 19th and valencia streets. >> an 18 year-old man is behind bars is morning in redwood city after being arrested in connection with the shooting on highway 1 01. police have been searching for eric valencia bargains since the september 30th shooting. argus is suspected of shooting three people at and dodge charger as they drove south on highway 1 01 near the ralston ave off ramp. they believe they were targeted because of road rage or previous dispute. all three occupants of the chargers suffered minor injuries from the incident. and james riley was assisted arrested on suspicion of homicide yesterday after a fight left 47 year-old jarrett nagle that at a homeless camp. authorities say it is unclear why the two men were fighting in the first place. riley is currently being held added county jail in martinez on a million dollars bail. >> the bizarre
. in italy could these remains be mona lisa? the dna from the bones from a convert in nature rens. they are looking at whether it is lice saw gerdini she is the model that posed for da vinci's famous painting. >> the list of the ten best states for doing business. all but one of those states is actually a right to work state. there could be other factors involved. diane macedo has more on that. >> thousands of people came out to protest. unions there can no longer force workers to pay union dues. but forbes says according to a new survey right to work states have a clear advantage. they show all but one of the top ten states have right to work laws the exception colorado. the rankings for the third straight year. they attribute that to corporate taxes. the pro business regulatory climate and north dakota moves up to number 3 after having the most economic growth after the last five years. the top ten expanded their economies 1.7 percent during the tough years between torques 6 and 2011 the economies contracted an average of .1 percent of the year during that time. all but mississi
. >> the original [ inaudible ] in italy, the corporatist party. >> correct. correct. >> stephanie: exactly. oh by the way, greg writes about reince preibus, gym! >> reinholt reince prebus! [ dog barking ] >> i never thought we would use that sound bite. >> stephanie: they want more debates next time because it makes their candidates look really bad -- >> because we look bad when people here about our ideas. >> stephanie: greg says for jim, now know who else wanted less debates? >> hitler. [ bell chimes ] [ applause ] >> stephanie: hitler. greg you don't need to set jim up. joe in lockport hi joe. >> caller: hi steph. >> stephanie: hi. >> caller: this call is for jacki though. >> oh jacki it's for you! >> stephanie: phone! >> coming! what is up? >> caller: would the premium be for medicare if we all paid it out of our pocket? >> it would be much higher than what you pay now because medicare is regulated in a way that the private insurance market isn't regulated. so it's a percentage of what the private insurance market pays. people complain that medicare rates for doctors, for
. the inner harbor, sells point and the italy. which was featured in the movie sleepless in seattle. >> south point. >> reporter: santana moss played at the u with this -- >> ed read. >> i had it. but too slow. >> reporter: fourth down. you need this to stay alive. cal ripken
because spending cuts are not working out for italy's government. prime minister mario monti announced he would resign after losing support over his austerity moves. a return of political instability there reminds us that europe still faces a lot of hurdles before it comes out of its economic crisis. countries like greece, spain and italy have been tackling their problems with sharp cuts in spending and higher taxes and that's been fueling recession and unrest. meanwhile, we now know that japan officially slipped into its own recession over the summer with the japanese economy contracting 3.5% between july and september. now, the previous quarter, the previous three months number was also revised lower and that makes for two consecutive quarters of negative growth and that's the classic definition of a recession. from asia, back to america, literally, a group of chinese investors agreed today to buy an 80% stake in aig's aircraft leasing business. back in 2008, the insurance giant was bailed out by the u.s. government to the tune of $180 billion. four years on, still paying back the money
to bring back jobs to indiana. that makes a difference. i'm bringing jobs from italy and other places. and nobody asks about right to work. give me a break. the unions helped create the middle class. everybody knows it. the fact is that right-to-work states have worse education. they have worse performance, they have higher unemployment. the facts just don't back the governor up. this is a governor that prides himself on having the facts. >> uaw president bob king blamed the koch brothers for helping ram through this legislation. do you believe that? what role did the koch brothers, if any play in all of this? >> it's hard for me to know. i think there is a lot of big money involved. i see this prosperity america. i think that's their outfit. i see equipment and tents and so on. how much big money is flowing around, i don't know. i think they're all over. ed, you have been on this before. we have to get the big corporate money out of politics. this is disgusting. this is a bastardization of our democracy that is taking place. i tell you, democracy is under attack. we have to get the b
the holiday stress. ship fedex express by december 22nd for christmas delivery. >>> italy's prime minister silvio berlusconi says he will run again as his nation's leader and he says it's bedemand. he wrote on facebook, i am besieged by my people that are requesting that i get back in the battlefield leading the people of freedom, pdl party. it ended an 18-year stretch as prime minister with shall we say a colorful reputation. >>> now to south america where as we've been telling you venezuela an hugo chavez made news late saturday announcing that his cancer has come back. it has returned. in his speech he repeatedly kissed a cross and broke out in song. he even name add man who would take over. could this be the end of a chavez era in venezuela. joining us now is our nadia bilchik. great to talk to you. so does this mean he's really afraid? what does this mean that now he's naming a successor? >> well, now we know he has to have very serious surgery. it's cancer in the pelvic area. he hesam been specific as to exactly where. we know there are mag lig nanlt tumors that have been removed. he
, they send an airplane over to benghazi and they returned to tripoli -- instead of going to italy or to germany -- then the c-17 has to come -- it makes no sense. it makes absolutely no sense. >> greta: the irony and i have no sympathy for the administration's claiming this is politicized because if they would just simply answer these questions, not drag their feet, maybe we will get it in the next 6 or 7 days, but if they would fill in the blanks, nobody would be suspicious. we get silly answers that don't make sense -- that's the problem. that is created by those who hold the facts. >> that's right! i am not trying to politicize this. we have injured americans! in the worst case ttakes 25 hours to extract them to a facility, an american facility, they're in germany. at the best case, maybe 18 hours and the administration won't answer those questions. these are legitimate questions. i want to talk to that family. they deserve to have answers. we have to make sure this never, ever happens again. when an american goes down, we go get him. this president didn't do that. >> greta: if
. the crisis in europe is going to get dramatically worse in portugal, spain, italy. there is dysfunction in the european union. that's one place to look. that's going to encourage russia to make moves of its own, you mentioned south africa. south africa is not going in a good direction, it's supposed to be the most optimistic spot on the african continent. so i don't see many bright spots, maybe new zealand, but some say that even new seeland-- >> still ahead, counting to obamacare. big changes could be coming in 2013 for you and your family. thanks to the president's health care overhaul. we'll tell you what to expect when we come back. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! >> well, get ready, america, for the arrival of obamacare, some key provisions of the president's mammoth overhaul kick in come january and joe is here to tell you what to expect. or as we call the bill, j
dramatically worse. in portugal, spain, italy, there is deepening political dysfunction in the european union. thases one place to look -- that's one place to look. it will encourage russia to make moves of its own. you mentioned south africa. south africa is not going in a good direction. it was supposed to be the most optimistic spot on the african continent. i don't see many bright spots. maybe new zealand, but even the new zealand economy is heading south. >>> still ahead, counting down to obamacare. big changes could be coming in 2013 for you and your family thanks to the y president's health care overhaul. we'll tell you what to expect when we come back. >>> well, get ready, america, for the arrival of obamacare. key provisions of the mammoth health care overhaulro kick in. the editorial board member is here to tell you what to expect. or as we call the bill, joe, the lifetime employment act. so what can we expect this year? >> well, look, the bill ramps up starting in october 2013. so you are going to have three big changes. it is pouring out of the obama administration and regulation
. in portugal, spain, italy, there isening political dysfunction. that is going to encourage russia to make moves of its own. you mention south africa, south africa is not going in 'n a good direction. it was supposed to be the most optimistic spot. maybe new zealand but somebody told me they are heading south. >> paul: coming down to obamacare. big changes may be coming for 2013 for you and your family thanks to the president's healthcare overhaul. we'll tell you what to expect when we come back. ly? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi pri
. in italy, two americans were among 32 passengers killed when the costa concordia sank and the captain abandoned ship. the pope made a historic visit to mexico and cuba despite his frail health, the 85-year-old even began tweeting. across europe, anger over the failing economy spread as millions protested government budget cuts. ecuador granted asylum to wikilocations founder assange. if he takes one step out of this british embassy, they will arrest him. he faces sexual assault allegations in sweden and claims the u.s. wants to extradite him to face spy charges. team usa cammured 46 gold medals at the summer olympics in london. britain celebrated queen elizabeth's 60 years on the throne. and prince william and his wife kate announced a royal baby is on the way. en toa krause, cbs new -- tina krause, cbs news, london. >>> this new year's day marks 150 years for one of america's most famous pieces of history. >> the emancipation is ready to make an appearance. next. ,,,,,,,,,,,,,,,,,,,, the slaves was signed by abm lincoln 150 years ago. it wt anuary 1st, 1 . >>> a rare look at the eman
, we had to baja, the bp oil spill, nuclear meltdown, debt downgrades, greece, italy, spain, foreclosures, student loans, how many things do we have to get fearful about before we start to believe in this economy? it is not booming. i am not saying it is perfect, not saying it is 1980s again, is not but is growing 2% per year, maybe 2.2, two.three, and it keeps growing. we have not had a recession since march of 2009. >> it is media granddad as almost people feel. if we take the consumer back and put them in the jobs report we did see the number of hours increase as did wages. what do you make of that? does that give you hope? >> it does. if you look at car sales in november, automobile sales, fifteen million vehicles were sold in november. highest since december of 2007. that weakness we saw in cars and auto sales in october and retail sales, i think because of sandy it is going to be over. november and december will be great month for the consumer. i do have hope. i don't think we're going to boom. we won't grow 4% we will grow between 2% and 3% real growth next year in 20
carter to visit italy with the delegation, members of congress, italian american members of congress, and we went there to deliver assistance from the dwrites government after an earthquake in southern italy. and one of the village we visited there was a rehearsal for first commune ongoing on in the church. so just about every 7-year-old in the village was in church practicing for first holy commune on. when the earthquake hit, the -- communian. when the earthquake hit, the roof came down, every 7-year-old in the village was gone. it was impossible to console the people there. not only had they individually lost their child, which is unthinkable, but the whole town had lost that class, their future, their new growth, their hopes, their babies. their babies. so how -- and that really frmpled my thinking about how fragile -- transformed my think being how fragile life is. this was a natural disaster. what happened in newtown was a personal decision about someone whose judgment was thoroughly impaired, who had -- how could he do this? how could he do it? because he had his own problems.
. >> the european markets are closing now. >> remember yesterday and all that concern we had about where italy might go with the resignation of mario monti. greece is higher. por sh gal is higher. spain is higher. it's a good day for -- investor sentiment.strongly it was revealed today. optimism over what the fed is going to do in the united states tomorrow. optimism there will be a deal on the fiscal cliff. you have optimism that the recapitalization of the banks is going to be delayed by another year according to the bank of italy. and you have optimism as well on mar of election promises as we now face the pros wekt of a much earlier election in italy. to that end it is fascinating. sylvia berlusconi has come out today warning about the germano center of politics. in other words, too much of a focus on what is happening from germany and the austerity inspired by angela merkel. in particular, he is drawing attention to this. which is the spread of the extra that investors demand to hold italian bonds over german bonds. i've shown this to you a couple times. over the last year it's been a mainstay
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a lover or simply to confound humanity. ben wedeman, cnn, florence, italy. >> i'm ted rowlands, thanks for joining us today. "cnn newsroom" continues right now with ashleigh banfield. >>> thank you so much, ted. hi, everybody. it's nice to have you with us. 11:00 on the east coast, 8:00 a.m. on the west coast. let's begin here, a threat to the strength of the union. it's playing out moment by moment in michigan today. one of the most heavily unionized states in america. that state is on the verge of passing something called a right to work law that would make it illegal to force anyone to join a union or pay union dues if they want to take the job. you've got live pictures here in front of you from the state capitol in michigan. that's lansing. thousands of protesters, none too happy with those challenging this law. more than 600,000 michigan workers are part of a union. they belong. and if you do the math with the population, that works out to nearly 18% of the state's workforce. much higher than the national percentage as well. our alison kosik has been story all morning long and the
germany, italy, england, and austria from staalin and his successors even though they are now strong enough to meet a threat which in fact doesn't exist. i just had my very able aid marcus rose check this for me. over the last ten years we have spent $3.8 billion in medicare. that's true. during that same period we spent $5.6 billion on the military. the military has been going up fast faster and it includes an awful lot of expenditure, unnecessary. we're reading today that canada is recoring whether they're going to buy the f-35. the f-35 is a very, very well conceived airplane that's proving to be a great financial disaster. if any agency, the decht housing, the department of education, the department of energy, had a disaster as remotely expensive to the taxpayer as the f-35 my conservative friends would be screaming. so yeah, i agree with them. ironically. that's one area where the republicans want to spend more, where mitt romney criticizes the president for not spending enough. and i'm very encouraged, ed, that in this last election for the first time in my memory a democratic
-year-old lieutenant inowe way led an assault on machine guns in italy. he destroyed all three after being shot in the stomach and having his right arm nearly severed. it was later amputated. he was awarded the distinguished service cross but it was elevated to the medal of honor. his death live the michigan congressman as one of the two remaining world war ii veterans in congress. >> he worked to make the congress effecve as a tool in serving the broad public interest both for hawaii and for the rest of the country. he believed in legislating, legislating well. he knew that working together and accepting the responsibilities that we get when we are sworn in and when weary lected was an extremely important part of his responsibility as senator. >> brown: after the war, he turned to politics. he won a seat in the u.s. house in 1959 and was elected senator in 1962. six years later as keynote speaker he lent a steady voice of reason to the riotous proceedings of the 1968 democratic convention in chicago. >> this is our country. and we are engaged in a time of great testing. >> brown: he
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